Funding arb · Price arb /

BLUR

all BLUR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.5372%/8h= −588.2% APRpaid last 24h +0.761%

Price spread now: OKX against Kraken Futures−0.461%45s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Kraken Futures Short on OKX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$161 a day on $10k at the current rate, and OKX is 0.461% cheaper against Kraken Futures than usual: you would sell low and buy high (−$46 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 45 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_BLURUSD	0.01994	0.5472	pay 0.0684% / 1h	42m 38s	$12K	$8K	10x
Short	OKX BLUR-USDT-SWAP	0.01985	0.0100	get 0.0050% / 4h	42m 38s	$982K	$1.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against Kraken Futures. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Kraken FuturesbpFee OKXbpOrdersPrice spread, now −0.461%Rate

Funding earned: −$1,128.08
Price spread: −0.461% → 0.000%: −$46.14
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$1,194.22
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Kraken Futures: no order-book sample; OKX: live order book, 4 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Kraken Futures no order-book sample	—	—	—	—	—
Sell OKX live order book, 4 min ago	2.52 bp	24.6 bp −$25	doesn't fit	doesn't fit	doesn't fit

Kraken Futures: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

BLUR on 15 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX BLUR-USD	0.0000%	1h	0.01988	−0.311%	$26K	$328	5x	as long as short
Injective BLUR/USDC PERP	+0.0033%	1h	0.01998	+0.190%	$1K	$212	5.5x	as long as short
Hyperliquid BLUR	+0.0100%	1h	0.01984	−0.492%	$1.3M	$440K	3x	as long as short
Aster BLURUSDT	+0.0100%	4h	0.01986	−0.392%	$5K	$4K	5x	as long as short
Binance BLURUSDT	+0.0100%	4h	0.01984	−0.513%	$2.0M	$3.7M	50x	as long as short
Bybit BLURUSDT	+0.0100%	8h	0.01986	−0.401%	$1.3M	$1.0M	25x	as long as short
OKX BLUR-USDT-SWAPshort	+0.0100%	4h	0.01985	−0.461%	$982K	$1.7M	20x
MEXC BLUR_USDT	+0.0100%	4h	0.01984	−0.512%	$1.0M	$115K	20x	as long as short
KuCoin BLURUSDTM	+0.0100%	4h	0.01987	−0.361%	$580K	$123K	30x	as long as short
Bitget BLURUSDT	+0.0100%	4h	0.01986	−0.411%	$823K	$494K	50x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX BLUR-USDT	+0.0100%	4h	0.01988	−0.311%	—	$13.5M	—	as long as short
Variational Omni BLUR	+0.0100%	8h	0.01983	−0.568%	$1K	$849	—	as long as short
BloFin BLUR-USDT	+0.0156%	4h	0.01985	−0.461%	$361K	$2K	50x	as long as short
Gate BLUR_USDT	+0.0228%	4h	0.01990	−0.211%	$796K	$263K	50x	as long as short
Kraken Futures PF_BLURUSDlong	+0.5472%	1h	0.01994	long leg	$12K	$8K	10x